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Avalon (Oglethorpe Mall Area) Bacon Park Area (Sandfly) Blueberry Hill (Magnolia Park) Brookview (Parkview) Chippewa Colonial Village (Leeds Gate) Fairway Oaks Forest Ridge (Wilshire Estates) Highland Park Mayfair Oakdale Oakhurst Oglethorpe (Grove Park) Paradise Park Rivers End (Lyndhurst) Savannah State University

SAVANNAH, GA 31406

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 31406

Avalon (Oglethorpe Mall Area) · Bacon Park Area (Sandfly) · Blueberry Hill (Magnolia Park) · Brookview (Parkview) · Chippewa · Colonial Village (Leeds Gate) · Fairway Oaks · Forest Ridge (Wilshire Estates) · Highland Park · Mayfair · Oakdale · Oakhurst · Oglethorpe (Grove Park) · Paradise Park · Rivers End (Lyndhurst) · Savannah State University

Market Analysis

Data as of February 2026. Source: Realtor.com.

The SAVANNAH, GA real estate market (31406) currently shows 112 active listings, with 21 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 71 days on market compared to 55 days last year.

The median listing price has fallen 20.5% year-over-year, from $421,225 to $334,974.

Whether you are buying or selling in SAVANNAH, GA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 34,090  ·  Density: 502.4/mi²  ·  Median household income: $62,698

Typical home value: $239,726  ·  Homeownership: 60.2%

Market Overview

Active Listings
112
⇧ 2.8% vs 109 last year
Pending
21
19% pending ratio
Median Price
$334,974
⇩ 20.5% vs $421,225 last year
Average Price
$466,000
⇩ 9.7% vs $516,234 last year
Days on Market
71
⇧ 29.1% vs 55 days last year

Price Per Square Foot

Median $/sqft
$218
⇩ 8.8% vs $239/sqft last year
Median Home Size
1,560 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 112 this year vs 109 last year
  • Days on market: 71 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $334,974 (-20.5% YoY)
  • Average: $466,000 (-9.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.2 miles — 2,037 listings ($1,673,426,397 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
31406Savannah, GA 314060.0 mi109$48,449,846$324,950$444,494
31404Savannah, GA 314045.4 mi166$66,940,330$324,900$403,255
31401Savannah, GA 314016.3 mi221$274,734,161$710,000$1,243,141
31415Savannah, GA 314157.5 mi59$12,749,251$208,675$216,089
31419Savannah, GA 314199.0 mi256$114,808,320$339,000$448,470
31328Tybee Island, GA 3132811.7 mi113$113,119,102$775,000$1,001,054
31324Richmond Hill, GA 3132413.7 mi277$176,735,418$469,500$638,034
29915Daufuskie Island, SC 2991515.8 mi35$33,326,790$749,000$952,194
29927Hardeeville, SC 2992718.5 mi136$72,304,264$469,900$531,649
29910Bluffton, SC 2991020.5 mi449$552,710,918$649,250$1,230,982
31309Fleming, GA 3130922.0 mi2$469,800$234,900$234,900
31307Eden, GA 3130723.0 mi5$2,496,875$367,475$499,375
29926Hilton Head Island, SC 2992626.2 mi209$204,581,322$689,000$978,858

Frequently Asked Questions

How many homes are for sale in SAVANNAH, GA 31406?

As of February 2026, there are 112 active listings in SAVANNAH, GA (zip code 31406), compared to 109 the prior year.

What is the median home price in SAVANNAH, GA 31406?

The median listing price in SAVANNAH, GA 31406 is $334,974 as of February 2026, a 20.5% decrease from $421,225 the prior year.

How long do homes stay on the market in SAVANNAH, GA?

Homes in SAVANNAH, GA 31406 spend an average of 71 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in SAVANNAH, GA 31406?

Based on current inventory and days-on-market data as of February 2026, SAVANNAH, GA 31406 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 71 days on market compared to 55 days last year.

How much can I save on real estate commission in SAVANNAH, GA?

With SELL123.com's maximum 3% commission, sellers in SAVANNAH, GA 31406 save an estimated $6,699 compared to a typical 5% commission on the median listing price of $334,974. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.